Midwest

Nothing helps business confidence more than five consecutive quarters of profit.

Panic Elsewhere Could Spell Opportunity for Commercial Real Estate

NEW YORK CITY-There are a lot of good properties to be had in the Midwest at discounted prices, says David Puchi, managing partner at Baceline Investments.

Real estate owners and investors need to be prepared for economic stagnation — if not a contraction — over the next several months.

The U.S. debt downgrade and the bumpy road of attempted resolutions to the European debt crisis have cast a cloud of uncertainty on the global economy but failed to tip the U.S. recovery. Amid the clouds of fear and uncertainty, fundamental economic activity has proven to be quite resilient as evidenced by the string of better-than-expected economic readings since August’s onset of financial-market turmoil and the roller coaster ride in Europe. …

Despite recent spike in rates, bottoming market conditions and an improving economy point to a once-in-a-decade investment opportunity.

“There’s a number of people looking at new development opportunities, but the challenge remains cost,” Segal says.

As a whole, the Midwest sector is underserved and largely untapped in the NNN leased niche.

Despite the recent spike, low interest rates are still a positive force for CRE investors.

Contrarian investors should have great expectations for Class B and C assets.

What's happening in distressed commercial real estate loan resolutions now? My view is that there are many different deals being done, but they all seem to have hair on them.

“There’s been positive trends – exports and manufacturing continue to show growth, railroad shipments show growth, and companies appear to show growth in income statements.”

LEAWOOD, KS-Morgan Stanley Smith Barney LLC is relocating from Overland Park to Two Hallbrook Place in Leawood.

LINCOLNSHIRE, IL-A joint venture headed by Chicago-based Bridge Development Partners LLC has agreed to sell a four-story, 163,000-square-foot office building at 555 Aptakisic Road in Lincolnshire.

ST. LOUIS-New York City-based American Realty Capital Trust III Inc. has acquired the Express Scripts building situated in the NorthPark development from 4400 N. Hanley LLC.

The pace of growth is unlikely to accelerate further in the short to midterm.

CINCINNATI-Minneapolis-based Dominium has acquired The Courtyard Apartments in Cincinnati's Roselawn neighborhood for approximately $3 million.

BROOKINGS, SD-The company will build a 170,000-square-foot manufacturing plant to literally make tons of Mini Babybel cheese.

LOUISVILLE, KY-Hocker, in a partnership with Chicago-based Heitman, made a nice profit from when it bought the center less than three years ago for $42.4 million.

NORFOLK, NE-The REIT is “quite comfortable” with the investment by Real Estate Strategies and eagerly anticipates moving its business plan forward, president and CEO Kelly Walters tells GlobeSt.com.